Dirty Secret #1

Insurance companies don't pay for your employee injuries — they just finance them for you at usury interest rates.

Do you realize that you pay $2 to $3 back to the insurance company for every dollar they pay out for your employee injuries? Each claim results in the most expensive financing contract you have in your business.

You pay outrageous premiums. Then you have to pay for almost all of your claims. You pay:

For employee injuries through lost dividends and return of premium

Increased costs because your Experience Modification skyrockets

Lost productivity

Reduced morale for the unhurt employees who fill in for the injured employee

Increased stress for management and staff

You have Workers Compensation for only two reasons:

The law requires it.

Workers comp spreads the true cost of employee injuries out over time. Work Comp does not pay for employee injuries. You do!